Clear Capital, the national real estate valuation technology company, today announced an expanded partnership with Cherre, the real estate data management platform.
Through Cherre’s API, customers now have “access to ClearAVM, Clear Capital’s automated valuation model (AVM), where they can map and set rules to automate, standardize and validate data from multiple third parties.”
ClearAVM’s up-to-date and valuations help property investors and asset managers “make more informed investment, management and underwriting decisions with confidence.”
ClearAVM is reportedly leveraged in mortgage underwriting and servicing “to make lending decisions, but single-family residential (SFR) investors, asset managers and property managers need to assess many of the same elements and potential risks.”
In the same way that lenders use ClearAVM to scan the nation “for lending opportunities, Cherre customers can leverage ClearAVM’s national coverage to identify investment opportunities that meet their buy box.”
SFR investors also depend on AVMs to “evaluate a portfolio of assets, inform leasing and asset sale decisions and ensure due diligence.”
Kenon Chen, EVP of Strategy and Growth at Clear Capital said:
“We pride ourselves in the strength and reliability of our AVM, and we’re looking forward to the opportunity to expand its reach and impact beyond the traditional mortgage origination space. Being able to provide fast certainty and confidence to more industries that need or can benefit from an automated valuation is a natural next step for us and for our partnership with Cherre.”
Fueled by property insights already accessible for Cherre customers, ClearAVM is one of the most trusted AVMs on the market and is “designed for situations that demand highly precise and efficient results, including home equity lending, portfolio valuation, review and underwriting.”
It is able to confidently predict values “on nearly every residential property in the U.S. accurately and fairly and is updated regularly to provide the most complete picture of homes in the U.S. ClearAVM’s accuracy has been confirmed by rating agencies, third-party testing and independent customer validation.”
Clear Capital and Cherre first partnered in 2022 to “allow Cherre customers to leverage Clear Capital’s expansive property analytics alongside other internal systems and application data, enabling customers to conduct more accurate modeling and better risk assessments, and identify investment opportunities more efficiently and at a lower cost.”
Kevin Shtofman, Global Head of Innovation at Cherre said:
“We’ve seen nearly a year and a half of proven success with our current data partnership, so it makes sense to add offerings that specifically support our clients in the single-family residential, asset management, commercial and real estate spaces. Any AVM can be used by SFR managers and investors to make more informed decisions, but ClearAVM provides our customers with a unique measure of predicted accuracy, quickly allowing them to gauge each valuation’s reliability and set a valuation risk tolerance. We’re thrilled to bring these capabilities to our customers and to expand our relationship with Clear Capital.”
